Muilenburg responds to intense questioning from the US House Transportation Committee at a hearing on the Boeing 737 Max in October 2019. Getty Images

When Boeing froze the 737 Max production line, it promised not to lay off any of its own staff.

But the loss of work proved devastating for suppliers like Spirit, which said in a statement that the grounding and production freeze left them little.

“Spirit is taking this action because of the 737 MAX production suspension and ongoing uncertainty regarding the timing of when production will resume and the level of production when it does resume,” the statement said.

Spirit said it plans to lay off an unspecified number of workers at two plants in Oklahoma, and may also have to shed more workers at its Wichita base if 737 Max production does not recommence.

Author: Adam LeeAdam Lee is a financial writer who has insightful knowledge in dealing with different financial issues. He tries to help people to get out of difficult financial situations by contributing financial write ups to websites and blogs.